Plans have been approved for the next phase of Walsall’s biggest residential regeneration scheme.

Leading Midlands landlord whg and housebuilder and community regeneration specialist, Keepmoat have entered a partnership deal to build more than 400 new homes on the former Goscote Estate, in Goscote Lane.

The scheme will consist of 426 new homes, 279 of which will be for private sale by Keepmoat.

The remaining 147 homes will be developed by whg. This will include a 40-unit wellbeing apartment block with communal facilities, and 31 bungalows all for people aged 55 and over, with a further 76 general needs family houses for rent.

The £56 million development will form the third phase of the ambitious Goscote Lane Corridor regeneration programme. Additional partners for the Goscote Lane Corridor regeneration programme include Walsall Council, the Black Country Local Enterprise Partnership (BCLEP) and the Homes and Communities Agency (HCA).

Mark Tranter, whg’s Director of Development, said: “This exciting development forms the next step of the Goscote Lane Corridor Regeneration, which is whg’s largest ever regeneration programme. The programme will deliver a community where people are proud to live, work and play and we are already improving the quality of life for local residents through this ambitious scheme.

“This development, through our partnership with Keepmoat, will breathe new life into the area, providing many benefits to the local community. It will regenerate the area with new, high quality housing and will also provide much-needed homes for older people, enabling them to downsize to more suitable accommodation.”

Gary Belcher, Operations Director for Keepmoat said: “This major development really shows our commitment to building new, high quality and affordable homes in the region. By working with whg on this project, we are able to demonstrate our strengths as a housebuilder and effective partner for housing associations and local authorities for the provision of new homes and extra care facilities.

“We have built up a strong supply chain in the West Midlands and a good reputation for selling high quality homes in areas where people genuinely want to live. The development will build on the success of the first phase of construction, and will be a prime example of how we use all of our expertise to create a successful project that really benefits the community.”

Cllr Sean Coughlan, Board Member Black Country LEP said: “We are delighted to be working alongside our partners to deliver the regeneration of the Goscote Lane Corridor. To-date the first phase of this fantastic project has seen families move into energy-efficient homes in the Waters Keep development and this next phase will bring us closer to achieving our target of creating 1,400 new homes and at least 5,000 new jobs in the Black Country through our ambitious Growth Deal. The scale of our Growth Deal is a vote of continued and growing confidence in the Black Country’s economic future.”

Work on the scheme will begin in summer 2017.

The development follows the construction of the £45 million Waters Keep development in Goscote, through a partnership between Keepmoat and whg. Work on the 412-home scheme began in November 2014, and is expected to be completed by 2018.

The regeneration of the Goscote Lane Corridor is the largest residential development scheme in the borough and a leading example of successful partnership work. It will deliver around 700 new, energy-efficient homes and a better environment; plus improved infrastructure and increased job and supplier opportunities to North Walsall.

By the time the regeneration work is completed, whg will have invested more than £42 million building new homes in the area.

A further £2.66 million comes from the Homes and Communities Agency, part of the £12.3 million secured by whg under the Government’s Affordable Homes Programme 2015-18.

The Black Country LEP has also provided £8.82 million through the Local Growth Fund towards environmental improvements in the regeneration area. This includes £7 million towards the delivery of new homes in Goscote Lane.